Both 1970, 14x60 ft. attached to land.My analysis, for my portion of ownership (60%), based on 15 year holding periodPreTax Cash flow $6052Annualized ROI  13.39%IRR 34.82% (includes net sales proceeds of $203,535 at year 15)I've got the property under contract because I felt it to be a solid deal. 

The more expensive situation would involve potentially having to reframe a portion of your roof/ceiling structure

The preceding sentence shall not apply to—50(b)(2)(A) Nonlodging commercial facilities which are available to persons not using the lodging facilities on the same basis as they are available to persons using the lodging facilities;50(b)(2)(B) Property used by a hotel or motel in connection with the trade or business of furnishing lodging where the predominant portion of the accommodations is used by transients;50(b)(2)(C) A certified historic structure to the extent of that portion of the basis which is attributable to qualified rehabilitation expenditures; and50(b)(2)(D) Any energy property.I would take the position that hotel-like activity is a sub-set of lodging under Sec 50(b). 

My agency contract states that:Property Investment: Associate may acquire, for personal investment or residence, property listed with Firm's office or through the MLS, provided that Firm and any other Associate's portion of the commission provided in the listing is paid at closing.

In order to plan accordingly, I need to know will I be taxed on my portion of the total profit split ($70k) OR on my realized profit after the original loan ($50k) is repaid and the amount I NET ($20k) is settled.

AND no portion will be returned until all parties vacate the property.

We would like to roll that all over to the ROTH portion of our SOLO401Ks.We are also all under the income limits to where we can use up the 25K limit in passive losses if needed.

So this month she shows up with her portion of the rent (shes section 8 and they pay most of her rent) and its $80 light.

I concentrate on the southwest portion of WV in the Huntington and Charleston markets. 

Since the house will built,  portions of the sidewalk, several adjoining slabs between my neighbor and us has sunk.